As I understand it there's 32 MB on the baseboard and those 4x SDRAM (128 MB) are on the future add-on 68060/ethernet etc.. expansion board. In that case it's still in development and replacing them with better options for DRAM would be easy. In particular different type of DRAM-stick could pack more memory in the same space. Provided the I/O interface isn't a pain to interface.
A caveat with DRAM in general is to watch out for obsolence. That can make sourcing the components a pain.
In case of crisis, just spin a daughterboard full of DRAM sockets. And have 20 GB ram if you need..

Something that could be useful is an expansion connector on the backside of the board such that one can stack several of them ontop of each other just like PC/104:
